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Fly News Breaks for November 14, 2016
PCTY
Nov 14, 2016 | 08:53 EDT
Deutsche Bank analyst Nandan Amladi believes the recent pullback in shares of Paylocity creates an attractive entry point. Fears of the Affordable Care Act being repealed by the incoming administration have pressured several healthcare software names this past week, Amladi tells investors in a research note. The analyst thinks FY19 estimates are achievable even if the ACA benefit is removed. Amladi reiterates a Buy rating on Paylocity with a $55 price target.
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